AB Conservative Buffer ETF (NASDAQ:BUFC) Sees Large Volume Increase – Should You Buy?

AB Conservative Buffer ETF (NASDAQ:BUFC) saw strong trading volume on Monday . 81,137 shares traded hands during trading, a decline of 13% from the previous session’s volume of 93,448 shares.The stock last traded at $38.68 and had previously closed at $38.38.

AB Conservative Buffer ETF Price Performance

The company has a 50 day moving average price of $39.33 and a 200 day moving average price of $39.03. The firm has a market cap of $718.33 million, a PE ratio of 26.21 and a beta of 0.22.

Hedge Funds Weigh In On AB Conservative Buffer ETF

Several institutional investors and hedge funds have recently modified their holdings of BUFC. HighTower Advisors LLC purchased a new position in shares of AB Conservative Buffer ETF in the 3rd quarter valued at $3,250,000. Ausdal Financial Partners Inc. raised its stake in AB Conservative Buffer ETF by 5.9% during the fourth quarter. Ausdal Financial Partners Inc. now owns 11,886 shares of the company’s stock valued at $466,000 after buying an additional 663 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in AB Conservative Buffer ETF by 11.5% in the fourth quarter. Alliancebernstein L.P. now owns 13,728,764 shares of the company’s stock worth $537,756,000 after purchasing an additional 1,410,754 shares during the period. OLD Mission Capital LLC bought a new stake in shares of AB Conservative Buffer ETF during the 4th quarter valued at about $421,000. Finally, Susquehanna International Group LLP raised its position in shares of AB Conservative Buffer ETF by 355.6% during the 4th quarter. Susquehanna International Group LLP now owns 44,889 shares of the company’s stock worth $1,758,000 after purchasing an additional 35,036 shares during the period.

AB Conservative Buffer ETF Company Profile

The AB Conservative Buffer ETF (BUFC) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to participate in the price movement of the SPDR S&P 500 ETF (ticker: SPY), up to a cap while buffering the first 15% decline. The fund resets its buffer and cap levels every three-months BUFC was launched on Dec 13, 2023 and is issued by AB Funds.